SEC to have a look at RIM’s books

Blackberry firm, Research In Motion (RIM), confirmed that the US Securities and Exchange Commission (SEC) has made an informal inquiry into the company’s stock-option grants and practices.

RIM is one of several hi-tech companies that have recently been subject to increased scrutiny over option practices.

The Canadian vendor recently said its original estimate of an accounting related charge on earnings of $25 – 45m will increase substantially because of additional errors found during the audit process.

Leave a comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


What will be the most important 5G technology?

Loading ... Loading ...